The Karnataka Industrial Areas Development Board (KIADB) offers a range of incentives and support for businesses seeking to establish themselves in industrial areas across Karnataka. For companies applying for industrial land through KIADB, the process is streamlined to facilitate smooth acquisition and development.
Applicants benefit from several incentives, including subsidized land rates and reduced infrastructural costs. KIADB's focus is on providing state-of-the-art facilities and robust infrastructure such as roads, power, water, and telecommunication services to ensure operational efficiency. Additionally, there are financial incentives like tax exemptions and grants available for businesses that meet certain criteria, including those in high-priority sectors or contributing significantly to local employment.